News
Winn Launches Update to Low-Income South End Apartments
The Castle Square Tenants Organization (CSTO) and WinnDevelopment have begun work on a $40.1- million effort to modernize Eva White Apartments, a 102-unit low-income housing community for seniors and people with disabilities in Boston’s South End. The property is adjacent to the 500-unit Castle Square apartment complex. Along with a substantial renovation of resident apartments...
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Fourth Avenue Capital Acquires Spokane Apartments
Fourth Avenue Capital (FAC) has acquired Village on Broadway, a 148-unit workforce housing community located in Spokane Valley, Washington. The acquisition expands FAC’s portfolio to 26 properties, including three others in the Spokane–Coeur d’Alene MSA. Built in 1996, Village on Broadway sits on 7.3 acres and consists of 148 apartment homes across 13 residential buildings....
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Trailhead Development Opens Near White Rock Lake
Residents will have easy access to the Santa Fe Trail and the Trinity Forest Spine Trail. Mill Creek Residential just delivered Modera Trailhead, a 285-unit, near White Rock Lake in East Dallas. The property also includes 12,500 square feet of retail space. Situated at 7532 E. Grand Avenue, Modera Trailhead offers studio, one-, two-, and three-bedroom...
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Work Underway on 150-Unit Austin Affordable Housing Project
The City of Austin Housing Department announced the groundbreaking of Iris Gardens, a new affordable senior living community. Developed through a partnership between local nonprofit Family Eldercare and developer Vecino Group, this 150-unit building will provide opportunities for community members who often face barriers to securing affordable housing. Located at 1013 Montopolis Drive, in East Austin’s District 3, Iris Gardens...
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Biltmore-Area Apartments Sell for Over $250K/Unit
Institutional Property Advisors (IPA) announced the sale of Level at Sixteenth, a 240-unit midrise multifamily asset in the Biltmore neighborhood of Phoenix, Arizona. The property sold for $61.5 million, or $256,250 per unit. Sares Regis Multifamily Investment Management was the seller. IPA’s Steve Gebing and Cliff David represented the seller and procured the buyer. The...
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Northwood Ravin Unloads 402-Unit Huntersville Rental Community
Northwood Ravin has sold a 402-unit Huntersville multifamily community for $119.5 million, or about $300,000 a unit. The Holly Crest Apartments was purchased by Mesirow. Northwood Ravin completed the community in 2015. The complex is off Holly Crest Lane near Statesville and Sam Furr roads. Residents can enjoy a fully equipped fitness center, pool, relaxing...
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Pembroke Pines Developer Looking to Transform Country Club Community
Developer John Yanopoulos of Y Group wants to tear down a standing hotel, build another one, and redo the golf course at the Grand Palms Resort & Golf community (photo) in Pembroke Pines. The South Florida Business Journal reports that he told residents he wants to invest $1 billion in the project, which also includes...
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HOOPP’s Leadership Team Receives Overhaul, Executives Depart
The Healthcare of Ontario Pension Plan (HOOPP) has announced a significant shakeup of its executive leadership team, with several new appointments and expanded roles for existing leaders. Linda Halley, who has been with HOOPP for 24 years, has been promoted to chief risk officer. She previously served as interim chief financial officer and has held...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout